Skip to main content

About your Search

WHUT (Howard University Television) 2
English 20
Search Results 0 to 19 of about 20 (some duplicates have been removed)
Feb 7, 2013 9:00pm PST
-- people involved in due diligence like richard bowen signaled up the line all the way up to robert rubin that something was wrong, that they were finding that some 60% of mortgages they were buying weren't meeting their standards. mr. bowen sent you an e-mail. >> narrator: in one exchange, the commission asked citibank's robert rubin to respond to bowen's e-mail. >> did you ever act on that? >> mr. chairman, i do recollect this and that either i or somebody else-- and i truly do not remember who-- but either i or somebody else sent it to the appropriate people. >> narrator: rubin told angelides that actions were taken to improve the bank's due diligence operations. but his recollections were vague. >> i certainly don't remember today whether i knew at the time or not. i truly don't. >> if the excuse at the top was, "we didn't know," that's a prty pr exse fm pele who are hauling down $10 million, $20 million, $30 million, or, in robert rubin's case, $115 million. >> narrator: bowen was demoted and eventually left the bank, but later, citigroup admitted to wrongdoing in a civil fraud suit
Feb 7, 2013 6:00am EST
're building up to the newsmakers of the morning. former treasury secretary robert rubin, a cnbc exclusive at 8:00 eastern. plus chicago fed president charlie evans talking about the central bank's next move. but first we'll welcome a visitor from the west coast, stanford pro-first irjohn taylor. find out why he argues easing is hurting the economy. come on, nowadays lots of people go by themselves. no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ >>> it's a power money hour. former treasury insider and "squawk" market master john taylor. plus carlyle's oliver sarkozy. >> and searching for profits. iac interactive's ceo on his company's earnings and outlook. >> plus the tools of the trade. what you need to know before another busy trading day ahead. second hour of "squawk box" starts right now. >>> mandy drury and scott wapner sitting in for joe kernen. and becky quick. but, of course -- >> she's only gone one day. >> joe has been gone all week. they're out in california. they're going
Feb 7, 2013 9:00am EST
treasury secretary robert rubin a guest on "squawk box" this morning exclusively. asked about sandy wild's call to break up the big banks. >> too big to fail is an enormously important question. came up in 1990 when a group of banks were in difficulty. i think it's an enormously important question. i think the problem is that if you look at what sandy had to say, and i have a lot of respect for sandy, but i think that if you followed sandy's path and you broke up the banks in some fashion or other, as he's describing, the risk isn't going to go away. the systemic risk, the too big to fail risk will simply move from one place to another place. >> interesting to see the divergence of opinion between the guys who saw different things, jim, in your time together. >> would have liked to ask the former treasury secretary what happened with the cdos at citi under his -- when he was there i think that there's some interesting stories lately about the cdos and not just from -- >> a complete failure to appreciate the risk of the super senior tranche, a made up word, that sunk that bank, more or le
FOX Business
Feb 15, 2013 9:00pm EST
with the clinton administration with a tenured note at three percentage points robert rubin says wait we need to do welfare reform, and saddam reform they saw that turnaround and said we have to do spending reform. >> it is safe to say with gold it may be out. it is not the alternative asset any longer but it is in people's portfolios but the move may be over. neil: if gold is not it comment with a safe haven is its united states or what? >> what is a safe haven. >> commercial property is undervalued and a lot of markets >> said good old old u.s. greenback one fund that tracks the dollar that has been down for a decade but is strengthening right now. >> that is so interesting. to my mind for the safe haven issued did not have a look at it. the bank deposit is a safe haven. neil: put the money under the mattress. we have the security commissioner on monday that "mow said it is fix it now. they said no. .onday , suing. a cheap knockoffs. thousands of customers ripped off. also, the judge rules on the case. and our special segment. we go behind the scenes of new york fashio
Feb 7, 2013 12:00pm EST
. former treasury secretary robert rubin made a rare tv appearance on squawk box. he is not happy about the legislation due to go into effect march 1st if an agreement can't be reached. >> it is a terrible piece of legislation. cuts defense and nondefense without trying to thoughtfully do so. instead of being phased in so we have more room for recovery, it hits abruptly. and it is far, far from clear that if it huts in place, it'll stick. so it is a terrible piece of legislation. >> well,
Feb 7, 2013 3:00pm EST
treasury secretary robert rubin issued a dire warning about looming across-the-board spending cuts. >> the sequester itself a terrible, terrible piece of legislation. it arbitrarily cuts defense and non-defense without trying to thoughtfully do so. >> but not everyone thinks it would be bad for the nation, including a former top official at the fed. we have that debate still to come. >>> and later, the always straightforward jim rogers says this market is not for real. he is buying other things but not stocks. we're going to find out what. stay with us. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ and only hopes to achieve them. so you'll be happy to know that when it comes to your investment goals, northern trust uses award-winning expertise to lead you through an interactive in
FOX Business
Feb 26, 2013 4:00pm EST
? >> absolutely i do. liz: china, every treasury secretary going back to robert rubin, larry summers john snow, paul o'neill, geithner, paulson, they edged toward the chinese let your yuan, let your currency float freely in a fair and open market. minor, minor incremental improvements there but barely. at some point do you feel that the treasury department under this administration has to get a little bit stronger and push the chinese so it is a fairer situation where their currency floats freely like the rest of our currencies do in the open market? >> we have been very much engaged with the chinese over numbers of years. we continue to push them. not only our interest that they allow the ren minute by to fluctuate with market conditions. it is in their interest as we and they try to create conditions for balanced growth on a global basis. they need too do more. their currency is still undervalued but it has appreciated by 14% or so in real terms over the last few years. so that is progress. we will continue to stay at it as we engage the chinese on this he have important issue. liz: speaking
Feb 3, 2013 6:30pm PST
got his job, not because he had the experience, but because he was a crony of robert rubin. >> jack lew served in the clinton administration. i think he worked in the omb in the, you know, office of management of the budget. and he was one of the key players in helping pass the repeal of glass-steagall. and, you know, this is kind of the way it works. it's not a one to one, you know, obvious connection. but, you know, glass-steagall was repealed specifically to legalize the merger of citigroup. and, you know, coincidentally bob rubin, who was the treasury secretary and jack lew end up working at citigroup five, ten years later. and they make enormous amounts of money. and then they go back to government. and again, this is just sort of this merry-go-round that everybody in washington knows about. and that's the way it works. >> how do you explain president obama's attitude in this? when he was running for president, he promised the close the revolving door. and he seemed genuinely shocked at the collapse of the financial system and the banks' role in it. but he also was raking in ma
Feb 8, 2013 6:00am EST
, we talked to former treasury secretary robert rubin about creating confidence in the markets and the economy. business really needs to better understand the very different set of issues and dynamics that washington faces. and conversely, washington needs found business better. an that would be very helpful in policy formulation and also in creating confidence. >> our guest host for the hour, the one, the only, bob bruska. thank you for being here. >> thank you. >> bob rubin was a little more cautious than the markets seemed to be suggest background the economy right mow. >> it seems appropriate to me. i think there's been a lot of happy talk about the economy. there was a feeling at the end of the last year, i think a lot of people in the election process thought the economy was doing better and gathering steam. and it seems to be steam. it's just kind of going away. there doesn't seem to be anything coming in behind it. the jobless claims numbers were very low for a couple of weeks and now they're back up to where they were. the job numbers look better to peop people, but th
Search Results 0 to 19 of about 20 (some duplicates have been removed)